ZIM News

2022's broad sell-off in growth stocks has hit the IPO market especially hard, and last year’s best-performing IPOs are no exception. Of the top 10 best-performing IPOs at the end of last year, all but one have traded down in 2022, and half are now trading below issue. The table below contains the 10 names featured in our ...read more

The first month of 2021 closed out with eight IPOs, 24 SPACs, and one postponement. Three issuers raised more than $1 billion, bringing the count of billion-dollar US IPOs in January to six, the most in a single month ever. Just one IPO submitted an initial filing ahead of the February lull, but SPACs kept the pipeline active with 27 new filings. Oaktree-backed ...read more

ZIM Integrated Shipping Services, an asset-light Israeli container shipping liner leasing about 400K TEU capacity, raised $218 million by offering 14.5 million shares at $15, below the range of $16 to $19. The company offered 3 million fewer shares than anticipated. At pricing, the company raised 29% less in proceeds than expected. The company states that it is a global,...read more

The US IPO market is expected to remain active in the week ahead with eight IPOs slated to raise $4.6 billion. The diverse group features three billion-dollar deals, with issuers from diagnostics, software, solar equipment, and more. Carlyle-backed Ortho Clinical Diagnostics (OCDX) plans to raise $1.5 billion at a $4.9 billion market cap. The company is a...read more